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27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine
27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine
27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine
27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine
27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine
27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine
27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine
27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine
27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine
27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine
27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine
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27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine

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Daily Rice Global Rice e-Newsletter shared by Riceplus Magazine …

Daily Rice Global Rice e-Newsletter shared by Riceplus Magazine
Riceplus Magazine shares daily International RICE News for global Rice Community. We publish daily two newsletters namely Global Rice News & ORYZA EXCLUSIVE News for readers .You can share any development news with us for Global readers.
Dear all guests/Commentators/Researchers/Experts ,You are humbly requested to share One/Two pages write up with Riceplus Magazine .
For more information visit (www.ricepluss.com + http://publishpk.net/index.php/riceplus).
Share /contribute your rice and agriculture related research write up with Riceplus Magazine to riceplus@irp.edu.pk , mujahid.riceplus@gmail.com
For Advertisement & Specs mujahid.riceplus@gmail.com

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  • 1. 27th Feb. , 2014 Chinese COLOR SORTER as low as Pak Rs 22 Lakh Only A Time Limited Offer Contact: Cell: 0300 414 3493 Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 2. Share developments in RICE and allied sectors, Promote the Concept of Knowledge Economy Dear Sir/Madam, YOUR IDEA has a great worth---JUST share it through RICE PLUS 10000+ stakeholders of rice industry read & apply various ideas and analysis written by the authors. Be the part of Rice plus authors Visit: www.ricepluss.com,www.publishpk.net mujahid.riceplus@gmail.com riceplus@irp.edu.pk Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 3. TOP Contents - Tailored for YOU Latest News Headlines…            Italy Rice Quotes Stable; Vialone Nano Up $100 per Ton from Last Week! Enjoy Your Steaming Rice Dish While Dining on Your 'Cool' Rich Husk Table Oryza U.S. Rough Rice Recap – U.S. Misses Iraq Tender Due to High Prices Oryza Rice Currency Analysis for Today – Mexico Peso Down 0.8% India Agriculture Minister Wants Urgent Strengthening of Procurement Machinery South Korea Tenders to Buy 57,114 Tons of Rice Philippines Justice Secretary Calls for New Rice Import Policy Philippines Justice Secretary Calls for New Rice Import Policy Ivory Coast Plans to Increase Rice Production by 2.7 Times by 2016 Thailand Rice Farmers Have Lowest Incomes in ASEAN, Despite Rice Mortgage Program, Finds Study  India States Fail to Utilize Foodgrain Allocations Under PDS  Thailand Rice Exports May Decline to 6.8 Million Tons in 2014, UTCC Says  Oryza Global Rice Quotes News Detail… Italy Rice Quotes Stable; Vialone Nano Up $100 per Ton from Last Week! Feb 26, 2014 The Italian rice paddy market is stable: the only variety advancing in price quotations is Vialone Nano, up about 80 euros (about $109) per ton in just one week, from 18 February to 25 February. Remaining stocks for the variety, starting from a beginning availability of 19,536 tons, today stand around 7,480 tons; thus already 61.71% of it has been sold, while demand remains still very high. In comparison, quotations of Carnaroli are decling; this is another variety highly requested by domestic market, but which started from a much higher beginning availability of 68,944 tons; now already 69.80% has been sold, but remaining stocks amount still at 20,824 tons. Overall, Italian paddy quotes are quite stable, though there remains a large gap between quotations of export Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 4. and domestic varieties. Below are farm gate paddy quotes from the Milan grain exchange, as of February 25: Arborio rice is quoted 710-730 euros (about $973-1,001) per ton, unchanged from a week ago. Balilla rice is shown at 260-270 euros (about $355-369) per ton, up 5 euros (about $7) per ton from 255-265 euros (about $348-362) per ton a week prior. Lido and similar varieties are quoted 315-335 euros (about $ 431-458) per ton, unchanged from a week prior. Padano/Argo received no quotations; six weeks ago it was shown at 570 euros (about $781) per ton. Already 82% of this paddy has been sold. Vialone Nano is quoted 925-960 euros (about $1,265-1,313) per ton, up from 845-880 euros (about $1,1591,207) per ton a week prior. Thai Bonnet and similar varieties were indicated at 250-260 euros (about $342-356) per ton, unchanged from last week. Sant'Andrea is quoted 640-660 euros (about $875-903) per ton, up from 620-640 euros (about $850-877) per ton the prior week. Ariete and similar varieties are quoted 365-385 euros (about $500-528) per ton, unchanged from a week prior. Carnaroli is quoted 745-765 euros (about $1,019-1,046) per ton, down from 775-755 euros (about $1,0601,033) per ton a week ago. Baldo is quoted 620-640 euros (about $850-877) per ton, unchanged from a week prior. Roma was quoted 640-670 euros (about $875-916) per ton; one week prior it received no quotations. Selenio is quoted 265-285 euros (about $356-384) per ton, up from 260-280 euros (about $355-383) per ton from a week ago. Tags: italy paddy quotes Enjoy Your Steaming Rice Dish While Dining on Your 'Cool' Rich Husk Table Feb 26, 2014 Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 5. It looks like wood, but it is made mostly of rice husks - a German company has recently developed a new material, which is composed approximately of 60% of rice husks, 22% of common salt and 18% of mineral oil. The company says, this makes it both environmentally friendly and an extremely weather resistant material against sun, rain, snow or salt water. Paddy rice husk has a high silica (SiO2) content, which means that it decomposes slowly and is resistant to insects and fungi.The material can be formed into sheets or planks for use in outdoor furniture, floor coverings, ship decking, and home siding. Tags: risk husks Oryza U.S. Rough Rice Recap – U.S. Misses Iraq Tender Due to High Prices Feb 26, 2014 The U.S. cash market was unchanged today despite reports the Iraqi Grain Board decided to pass up on the U.S. origin offer for their latest tender, choosing instead to buy 60,000 tons from Argentina and 30,000 tons from Uruguay which were both offered at much more attractive levels.As of today, old crop offers could still be found around $15.55-$16.11 fob farm (about $343-$355 per ton) depending on where they are located and how quickly they could ship. Bids from larger mills held steady today around $15.25 per cwt (about $336 per ton) while bids for exporters were unchanged near $15.55 per cwt (about $343 per ton), both for March delivery, however no trades were reported. Tags: U.S. rice prices, U.S. rice market Oryza Rice Currency Analysis for Today – Mexico Peso Down 0.8% Feb 26, 2014 U.S. dollar index was up +0.34% from the open today, when it traded at 80.410 at the close. Euro was weaker -0.44% by the close, trading around 1.3685 by end of day, after trading between an intraday high of 1.3745 and low of 1.3662. Thai baht was weaker -0.15%, trading at 32.595 at the close of business. Indian rupee was -0.04% weaker at 61.9850. Brazilian real was weaker -0.33% in trading today, when it ended at 2.3414 reais per dollar. Pakistan rupee was +0.10% stronger at 104.9500. Vietnamese dong was stronger +0.02% at 21100. Mexican peso was weaker -0.81% today, when it traded at 13.3377 pesos per dollar by the close of business today. Chinese yuan was weaker -0.02%, trading at 6.1244. Argentine peso was -0.12% weaker, trading at 7.8783 pesos per dollar. Tags: foreign exchange rates Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 6. India Agriculture Minister Wants Urgent Strengthening of Procurement Machinery Feb 26, 2014 India‟s Agriculture Minister says that there is an urgent need to strengthen the procurement machinery to prevent farmers from selling their proudce at low prices in some regions of the country.Speaking at the “National Conference on Agriculture for Kharif Campaign”, the minister said, “Our farmers are presently facing the problem of selling their produce, at least in eastern and central parts of the country, as the government machinery is not fully geared up to meet the requirement.” Rice farmers in the eastern parts of India have to sell their paddy to private traders at prices below the minimum support price due to absence of sufficient procurement centers, according to local sources.The minister also urged scientists to improve productivity of crops and said that GM crops have great potential to improve yields. He said, “Government is committed to the use of bio-technology and other new technologies for agriculture development and backs field trials of GM crops with „crop-specific dedicated monitoring protocols system‟.‟‟He also said that the government is prepared to face adverse weather conditions in case of poor monsoon rains due to El Niño. However, he added that El Niño is unlikely to have a significant impact over monsoon this year.About 60% of farmlands in India are depend on rains and a poor monsoon could significantly reduce India‟s rice production. India‟s rice production is expected to grow to a record 106.2 million tons in 2013-14, according to government estimates. Tags: India rice procuremeent, India rice production, El Niño South Korea Tenders to Buy 57,114 Tons of Rice Feb 26, 2014 Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 7. South Korea has issued tenders to purchase 57,114 tons of non-glutinous rice, according to the state-run AgroFisheries & Food Trade Corp. Delivery is expected between June and July 2014, and the last date for submission of applications is March 13, 2014. Electronic bidding will be held on March 14, 2014. Tags: South Korea rice tender Philippines Justice Secretary Calls for New Rice Import Policy  Log in or register to post comments Feb 26, 2014 The Philippines Justice Secretary says that the government should create a new policy on rice imports because the existing policy is against World Trade Organization (WTO) rules.The Justice Secretary says that the existing policy is based on the continued imposition of quantitative restriction (QR) on imports despite the expiration of the GATT-WTO agreement in June 2012. She says that a new policy will also prevent illegal importers using the law to their advantage and to prevent the local markets from being saturated with imported rice. The Justice Secretary has asked for a new rice import policy after officials from both Legislature and Executive downplayed concerns over QRs as a mere excuse used by traders to illegally import rice into the country. There is a debate in the Philippines over the country continuing the special privilege on imports under the GATTWTO. The Justice Secretary has urged both the Department of Agriculture (DA) and the National Food Authority (NFA) to end the QR on imports.The Senate Agriculture Committee has asked the Department of Justice (DJ) to issue a “definitive position” on whether the country could still continue with the QR despite expiration of the WTO-granted privilege in June 2012. The Justice Secretary says, “The international law was ratified by the President and concurred by the Senate, and has [since] become part of our body of laws. We have to answer the question, which should prevail, the WTO Agreement or the domestic law.” Tags: Philippines rice import policy, World Trade Organization (WTO) Philippines Justice Secretary Calls for New Rice Import Policy Feb 26, 2014 The Philippines Justice Secretary says that the government should create a new policy on rice imports because the existing policy is against World Trade Organization (WTO) rules.The Justice Secretary says that the existing policy is based on the continued imposition of quantitative restriction (QR) on imports despite the expiration of the GATT-WTO agreement in June 2012. She says that a new policy will also prevent illegal importers using the law to their advantage and to prevent the local markets from being saturated with imported rice.The Justice Secretary has asked for a new rice import policy after officials from both Legislature and Executive downplayed concerns over QRs as a mere excuse used by traders to illegally import rice into the country. There is a debate in the Philippines over the country continuing the special privilege on imports under the GATT-WTO. The Justice Secretary has urged both the Department of Agriculture (DA) and the National Food Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 8. Authority (NFA) to end the QR on imports.The Senate Agriculture Committee has asked the Department of Justice (DJ) to issue a “definitive position” on whether the country could still continue with the QR despite expiration of the WTO-granted privilege in June 2012. The Justice Secretary says, “The international law was ratified by the President and concurred by the Senate, and has [since] become part of our body of laws. We have to answer the question, which should prevail, the WTO Agreement or the domestic law.” Tags: Philippines rice import policy, World Trade Organization (WTO) Ivory Coast Plans to Increase Rice Production by 2.7 Times by 2016 Feb 26, 2014 Rice importer Ivory Coast is planning to increase its domestic rice production, which is currently estimated at 520,000 tons by the USDA, by 2.7 times to 1.9 million tons by 2016 to meet increasing demand, according to local sources.According to Ivory Coast's Agriculture Minister, the country aims to become self-sufficient in rice within the next three years with the help of foreign investment in its rice sector. He says that the ambitious plan is a part of a $4 billion investment to increase the country's agricultural production by 2016.The minister says that a French Commodities conglomerate has agreed to invest about $62 million in the country's agriculture Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 9. sector. The agreement is expected to create 2.4 million jobs in the country and help it to diversify from the dominant cocoa sector. The government is also signing investment agreements with other business houses in Algeria, Tanzania and Germany.The French firm will oversee rice production, expand milling capacity and coordinate marketing in the country's ten production zones, said the minister. He added that the investment in the country's rice sector is important because of growing consumption. "In Ivory Coast, we're talking about 63 kilos per inhabitant per year, it's considerable," he said.The minister expects the annual domestic consumption of the country to be over 1.9 million tons in 2016, and higher production may even allow the country to export some rice. The minister claims that Ivory Coast produced over one million tons of rice and imported around 800,000 tons in 2013. However, according to the USDA, Ivory Coast‟s rice production is estimated at around 520,000 tons in MY 2013-14, up 4% from 500,000 tons in MY 2012-13. The US agency estimates the country to import 1.25 million tons of rice this year, down about 3.8% from 1.3 million tons imported last year. The country's rice consumption is estimated to increase by 50,000 tons or about 2.7% to 1.85 million tons in MY2013-14. Tags: Ivory Coast rice production Thailand Rice Farmers Have Lowest Incomes in ASEAN, Despite Rice Mortgage Program, Finds Study Feb 26, 2014 Rice farmers in Thailand have the lowest incomes compared to rice farmers in other ASEAN countries, despite rice mortgage program, says a study by the University of the Thai Chamber of Commerce (UTCC).The study claims that rice production costs in Thailand are high and profits low compared to other ASEAN countries like Vietnam and Myanmar. According to the study, rice production costs in Thailand are up to 139% higher than in Vietnam and about 37% higher than in Myanmar. While Thai rice farmers earn a profit of only 1,556 baht (around $47) per ton, farmers in Vietnam earn a profit of 3,180 baht (around $97.5) per ton and those in Myanmar are earn a profit of 3,484 (around $107) per ton, says the study.The Dean of the UTCC Center for International Trade Studies says that low income of rice farmers in Thailand is despite the government setting rice-buying prices higher than market rates through its pledging scheme over the past three years. He says that the country's comparatively lower productivity, higher production costs (especially related to wages, power and water) and political intervention in the rice market through the rice pledging scheme have lowered the country's rice prospects compared to its ASEAN partners. "Above-market prices set by the government have distorted the rice market's structure," he says.The UTCC Dean emphasizes that the new government should focus on reducing the farmers' production costs by about 40% by providing subsidies for production costs equivalent to 3,905 baht (around $95) per ton, or 35,187 baht (around $1,079) per crop, or 70,375 baht ($2,158) per year. This will help the rice farmers to increase their income by 98,413 baht (around $3,018) per year. The operation cost of increasing subsidies would be lower than the expenses of the ricepledging scheme, which are more than 300 billion baht (around $9.2 billion), he says. Tags: Thailand rice farm income, ASEAN, University of the Thai Chamber of Commerce (UTCC) Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 10. India States Fail to Utilize Foodgrain Allocations Under PDS Feb 26, 2014 Most of the Indian states lag behind in utilizing the complete quota of food grains (mostly rice and wheat) allocated by the central government under Targeted Public Distribution System (TPDS).According to the Ministry of Consumer Affairs, Food & Public Distribution, the central government has allocated around 37.4 million tons of foodgrains during April – December of the fiscal year 2013-14 (April – March). However, states have lifted around 33.7 tons for distribution, which is about 90% of the total allocated quantity.The trend is seen in the last three years as well. According to the Ministry of Consumer Affairs, Food & Public Distribution, the overall offtake by states stood at around 44.87 million tons (about 89% of the allocated 50.4 million tons) in 2012-13; at around 43.1 million tons (about 88% of the allocated 48.9 million tons) in 2011-12; and at around 43.7 million tons (about 92% of the allocated 47.5 million tons) in 2010-11. However, some states such as Goa, Jammu and Kashmir, Kerala, Nagaland, Sikkim, Tripura, Uttrakhand, D&N Haveli, have lifted the allocated quantity in 2013-14 so far, the ministry says. Tags: India rice, Targeted Public Distribution System (TPDS) Thailand Rice Exports May Decline to 6.8 Million Tons in 2014, UTCC Says Feb 26, 2014 Thailand‟s University of the Thai Chamber of Commerce (UTCC) says that low production and high input costs may cause Thailand‟s rice exports to decline to around 6.8 million tons in 2014. According to the UTCC‟s Foreign Trade Study Department Director Att Pisanwanich, Thailand‟s rice exports of around 6.8 million tons this year will be down about 3% from around 7 million tons exported in 2013. Thailand will again be the third largest rice exporter in 2014, behind India (with an estimated 9.3 million tons of rice exports in 2014), and Vietnam (with an estimated 7.8 million tons of rice exports in 2014). The UTCC Foreign Trade Study Department Director also says that Thailand rice faces increasing competition from Myanmar and exports may decline this year due to lower demand from traditional rice importers and due to concerns over quality. The UTCC Foreign Trade Study Department Director suggests that the government should establish a fund to subsidize 40% of the production cost of rice farmers by spending around 200 billion baht (about $6 billion). This will help save government‟s spending of 100 billion baht (about $3 billion) a year, and the fund will be more effective than the rice mortgage program, he says.The rice mortgage program will be discontinued this week due to political uncertainty in Thailand. The program was implemented in October 2011 and promised farmers 40-50% above market prices for their paddy. However, the program ran into problems due to lack of funds and also caused rice exports to decline. Local sources say that the end of the program and low market prices may discourage farmers from planting rice this year. According to the USDA, Thailand‟s rice production in 2013-14 is estimated at around 20.5 million tons, and exports at around 8.5 million tons. Tags: Thailand rice exports, Thailand rice mortgage program, University of the Thai Chamber of Commerce (UTCC) Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 11. Oryza Global Rice Quotes Long grain white rice - high quality Thailand 100% B grade 440-450 ↔ Vietnam 5% broken 395-405 ↔ India 5% broken 415-425 ↔ Pakistan 5% broken 395-405 ↔ Cambodia 5% broken 450-460 ↔ U.S. 4% broken 575-585 ↔ Uruguay 5% broken 625-635 ↔ Argentina 5% broken 625-635 ↔ Long grain white rice - low quality Thailand 25% broken 350-360 ↔ Vietnam 25% broken 370-380 ↔ Pakistan 25% broken 350-360 ↔ Cambodia 25% broken 420-430 ↔ India 25% broken 360-370 ↔ U.S. 15% broken 550-560 ↔ Long grain parboiled rice Thailand parboiled 100% stxd 460-470 Pakistan parboiled 5% broken stxd 405-415 India parboiled 5% broken stxd 400-410 U.S. parboiled 4% broken 660-670 ↔ Brazil parboiled 5% broken 590-600 ↔ Uruguay parboiled 5% broken NQ ↔ Long grain fragrant rice Thailand Hommali 92% 945-955 ↔ Vietnam Jasmine 525-535 ↔ India basmati 2% broken 1515 -1525 ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 890-900 ↔ Brokens Thailand A1 Super 310-320 ↔ Vietnam 100% broken 355-365 ↔ Pakistan 100% broken stxd 320-320 ↔ Cambodia A1 Super 350-360 ↔ India 100% Broken stxd 300-310 ↔ Egypt medium grain brokens NQ ↔ U.S. pet food 470-480 ↔ Brazil half grain 345-355 ↔ Medium grain milled U.S. Calrose 4% broken 620-630 ↔ Egypt medium grain 6% NQ ↔ ↔ ↔ ↔ For Advertising SPECS & RATES Contact: Advertising Department Mujahid Ali mujahid.riceplus@gmail.com +92 321 369 2874 All prices USD per ton, FOB vessel, oryza.com Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874

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